Yarbrough Capital LLC Buys Shares of 38,799 CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Yarbrough Capital LLC acquired a new stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 38,799 shares of the company's stock, valued at approximately $350,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. TD Private Client Wealth LLC purchased a new stake in CCC Intelligent Solutions in the fourth quarter valued at $31,000. Quarry LP purchased a new position in CCC Intelligent Solutions during the 4th quarter worth $36,000. First Horizon Advisors Inc. raised its position in CCC Intelligent Solutions by 90.0% during the 4th quarter. First Horizon Advisors Inc. now owns 5,922 shares of the company's stock worth $69,000 after buying an additional 2,805 shares during the last quarter. Smartleaf Asset Management LLC raised its position in CCC Intelligent Solutions by 27.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 7,258 shares of the company's stock worth $86,000 after buying an additional 1,546 shares during the last quarter. Finally, SRS Capital Advisors Inc. purchased a new position in CCC Intelligent Solutions during the 4th quarter worth $124,000. 95.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Rodney Christo sold 5,846 shares of the stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $9.15, for a total value of $53,490.90. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lauren Young sold 30,000,000 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $9.08, for a total transaction of $272,400,000.00. Following the sale, the director now directly owns 1,562,344 shares of the company's stock, valued at approximately $14,186,083.52. This trade represents a 95.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 60,067,379 shares of company stock valued at $545,395,616 over the last quarter. Company insiders own 6.03% of the company's stock.

CCC Intelligent Solutions Stock Performance

Shares of CCCS stock remained flat at $9.08 during trading hours on Wednesday. 13,129,542 shares of the stock traded hands, compared to its average volume of 7,663,390. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. CCC Intelligent Solutions Holdings Inc. has a twelve month low of $8.14 and a twelve month high of $12.88. The stock has a fifty day moving average of $8.86 and a two-hundred day moving average of $10.20. The firm has a market capitalization of $5.98 billion, a PE ratio of 454.23 and a beta of 0.72.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 earnings per share for the quarter, meeting analysts' consensus estimates of $0.08. The business had revenue of $251.57 million during the quarter, compared to analyst estimates of $249.87 million. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The company's revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.09 earnings per share. On average, equities analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Morgan Stanley cut their price objective on shares of CCC Intelligent Solutions from $15.00 to $13.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Barrington Research reiterated an "outperform" rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Wednesday, May 7th. JPMorgan Chase & Co. cut CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $14.00 to $11.00 in a research report on Wednesday, February 26th. Piper Sandler decreased their target price on shares of CCC Intelligent Solutions from $11.00 to $9.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Finally, The Goldman Sachs Group decreased their target price on shares of CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $12.19.

About CCC Intelligent Solutions

CCC Intelligent Solutions Holdings Inc, operates as a software as a service company for the property and casualty insurance economy in the United States and China. The company's cloud-based software as a service platform connects trading partners, facilitates commerce, and supports mission-critical, artificial intelligence enabled digital workflow across the insurance economy, including insurers, repairers, automakers, parts suppliers, lenders and more.